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Gotion unveiled its first-gen “Jinshi” all-solid-state battery last year, featuring an energy density of 350 Wh/kg—more than 40% higher than mainstream NCM lithium-ion cells.
The first export batch comprises 554 Magotan and Sagitar sedans, which will depart from Shanghai Port on September 28 and officially enter the Middle East market in November.
Upon completion of the transaction, FAW Group and New Territory will hold 35.8% and 34.85% stakes in Zhuoyu Technology, respectively, jointly controlling the company.
Having established a presence in Norway, the Netherlands, and Poland, Hongqi’s core product in Europe is the EHS9 full-size electric SUV, soon to be joined by the more compact EHS5.